Autotalks rides off with $40M

June 27, 2017

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Connectivity Products | Kfar-Netter, Israel | Series D

Smart car technology startup Autotalks has extended its Series D fundraising to $40 million, with the additional funds coming from existing backers and SPARX Group. The capital will be used to help the business, which raised an initial $30 million in this round in March, to expand operations as well as develop its technology for connected and autonomous vehicles. Founded in 2008, Autotalks manufactures chips that enable communication between cars.